Clawback provisions under Dodd-Frank differ from those under SOX because:
A) Dodd-Frank requirement extends to current or former executive officers versus CEO only under SOX.
B) Dodd-Frank is a three-year period versus the one-year period under SOX.
C) Dodd-Frank applies to any restatement as a result of material noncompliance with financial reporting requirements versus restatements caused by fraud or misconduct under SOX.
D) All of these

Question

Quizplus · Accepted Answer

All three statements are correct. Under Dodd-Frank, clawback provisions apply to current or former executive officers, have a three-year look back period, and apply to any restatement resulting from material noncompliance with financial reporting requirements, while under SOX, clawbacks only apply to CEOs, have a one-year look back period, and apply to restatements caused by fraud or misconduct.

Clawback Provisions Under Dodd-Frank Differ from Those Under SOX Because